The component of a waste management plan that defines policies and procedures for cost-effective and safe waste handling is called the waste segregation system. This system involves sorting waste into categories and establishing guidelines for handling each type safely and efficiently, aiding in recycling and proper disposal. Here's why:Waste Segregation:This is the core of effective waste management, as it ensures different materials are separated for optimal treatment and disposal. Cost-Effectiveness:Proper sorting streamlines recycling processes and minimizes waste that needs to be sent to landfills, reducing overall costs. Safety:Waste segregation helps prevent dangerous chemical reactions and ensures proper handling of hazardous materials, protecting workers and the environment. Environmental Protection:By facilitating recycling and proper disposal, the system minimizes pollution and conserves natural resources.